Not every economist is happy with the neo-classical theory of wage determination. For example, Moshe Adler, in “Economics for the Rest of Us”, gives…
September 3, 2020
Identify the antecedent problem in the sentence below. I put the glass on the nightstand, but it broke. It is plural. I is a possessive pronoun. I is…
September 3, 2020

using the Phillips curve framework, outline how inflation and unemployment respond(starting from zero inflation and at the NAIRU) to a permanent positive exogenous shock to aggregate demands. Make clear that you assuming about the monetary policy respons.

Thanks

KM
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